Global Flooring and Carpet Market: Overview
Any layer of finished material on a floor structure for providing covering is called flooring. Some of the common flooring and carpeting materials include rugs, ceramic tiles, laminates, wood, rubber, etc. The global flooring and carpet market is anticipated to show good growth in the future.
Global Flooring and Carpet Market: Growth Factors
The major growth driver in the global flooring and carpet market is the increase in the remodeling and renovation activities across the globe due to rapid urbanization and industrialization. The rise in the investments in the construction industry, increase in the global population, and increasing preference for interior decoration are some of the factors contributing to the expansion of the global flooring and carpet market. Vinyl flooring is expected to show good growth in the upcoming years, due to its resistance to moisture, mildew, and mold apart from being cost-effective and ease of installation. There is a rise in consumer expenditures related to interiors of residential and commercial spaces in emerging economies like India, China, and Brazil. This is also fuelling the growth of the global flooring and carpet market.
The price fluctuation of raw materials used by flooring and carpet manufacturers might hamper the growth of this market on a global scale.
Global Flooring and Carpet Market: Segmentation
The global flooring and carpet market can be divided based on product type, material type, and application. On the basis of product type, the flooring and carpet market can be segmented into woven, vinyl flooring, carpet tiles, artificial grass, laminate parquet flooring, tufting, carpets, and rugs. Rugs can be further bifurcated into area rugs and accent rugs, among others. Vinyl is among the most versatile materials to be used for flooring and carpeting purposes, as it has high resistance to moisture, mildew, and mold. Thus, the vinyl flooring segment is anticipated to show a steady growth rate in the upcoming years. Based on the material type, the flooring and carpet market can be classified into nylon, polyester, and polypropylene, among others. On the basis of application, the flooring and carpet market can be categorized into retail, healthcare and hospitals, hospitality, automotive, education institutes, industrial, commercial offices, and residential, among others.
Global Flooring and Carpet Market: Regional Analysis
Based on regions, the global market for flooring and carpet can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific region, especially the developing economies like India and China, is anticipated to dominate the market for flooring and carpet in the upcoming years. This is due to the development of the construction industry in the region, rapid urbanization, and supportive government policies. The Middle East and African region are anticipated to show a good growth rate in this market in future. This is due to the continuous expansion of the construction industry in the region.
Global Flooring and Carpet Market: Competitive Players
The key market players of the global market for flooring and carpet include Mannington Mills, Shaw Industries, TOLI Corporation, Milliken & Company, Forbo, Mohawk Industries, Floorworld LLC, Tarkett Company, Forbo Holding, Polyflor Incorporation, Flowcrete Group Ltd., LG Hausys, Gerflor Group, Al Abdullatif Industrial Investment, Interface, Oriental Weavers Group, Al Sorayai Group, Armstrong World Industries, Boral, Balta Group, Tarkett Group, Beaulieu International, Mac Carpet, and Mac Carpet, among several others.
Global Flooring and Carpet Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
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